Vehicle Sales Insurance
From a ‘one-man-band’ used car salesman trading from a home address to a sparkly new showroom, if you buy and sell vehicles, you need to ensure that you have the correct vehicle sales insurance cover in place. We can even arrange competitive Car Dealer at Home Insurance too. Get a Car Sales Insurance quote now!
What is Vehicle Sales Insurance?
Vehicle sales insurance, also known as car dealer insurance or motor dealer insurance, is designed to protect auto dealers when they sell new or second-hand vehicles. Car dealer insurance is a type of auto-trader insurance that includes special provisions for vehicle stock, tools and equipment, machinery, dealer premises and other risk factors likely to influence car dealerships.
Car dealerships can easily get caught out by a lack of insurance or significant gaps in coverage. While typical motor trade policies provide a number of coverage options, motor dealers require an extra level of protection that has been tailored to their business model. For example, car dealerships need to protect their vehicle stock from loss or damage, and their customers and employees from liability. This is why a vehicle sales insurance policy is most suitable.
Allowing customers to test-drive vehicles is a crucial part of day-to-day operations for a car dealership, with accompanied demonstration coverage also needed. Depending on the business in question, it may also make sense to take out vehicle in transit cover, loss of income insurance, and other measures that protect you and your customers. To ensure protection, it’s important to speak with an expert car sales insurance broker who can arrange a dedicated vehicle sales insurance policy.
Who needs Vehicle Sales Insurance?
Motor dealer insurance is recommended for any commercial business that is involved in the sale of new or second-hand vehicles. Whether you’re selling a few cars on a part-time basis or operating a fully-fledged dealership with hundreds of vehicles, it’s essential to get the coverage that your business deserves. Dealer insurance needs to be flexible, affordable, and able to protect you against all possible contingencies. We can also offer great rates for Car Dealer at Home Insurance.
1st Choice Insurance provides a range of coverage options for car dealerships across the UK, with individual traders able to tailor contracts to meet their needs. Typical Vehicle Sales Insurance coverage options include business premises insurance, vehicle stock protection, road risk cover, tools and equipment insurance, public liability, employers’ liability, loss of income insurance, accompanied demonstration insurance and much more.
Benefits of Vehicle Sales Insurance
Dealership insurance is a crucial part of running a successful business. While you can always take out individual insurance contracts, this way of working can be expensive, complex, and highly risky. Dedicated car dealer insurance combines a range of protections under a single umbrella, which makes it easier for you to get insured than ever before. Here at 1st Choice Insurance, we provide a range of vehicle sales insurance coverage options to meet the demands of dealerships across the UK.
How does Insurance for Dealerships work?
At 1st Choice Insurance, we understand that every business is different and so are its needs. That’s why we always work to provide bespoke Vehicle Sales Insurance policies to cover each business. Dealership insurance works by covering the things that matter. These are:
- Garage stock: This could be loss or damage to vehicles on display.
- Road Risks: This covers the use of vehicles on the road for motor trade purposes such as test drives.
- Goods in Transit: Covers any stock that may be in transit such as tools.
- Contents Insurance: Covers contents of buildings from furnishings to cash on premises.
- Public Liability Insurance: Covers possible accidents from the public on your premises.
- Employers Liability Insurance: Required by law from all employers.